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King Klose

Betfair market on Celtic job

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[quote user="liamcicada"]ive never understood laying bets, anyone care to explain?
[/quote]

 

You become the bookie! You take bets!

Ie. you can let people that think Lambert will be the next Celtic boss boss against you!

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Yes, but it''s MY easy money, so hands off [D:]

Hopefully market will go same way as the Burnley job. Made a packet taking peoples money long after Lambert had ruled himself out!

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Laying bets is for the bold and the brave, it''s much more costly should you be wrong.When you lay a bet you are the bookie - you offer the odds. You take somebody else''s money initially and pay out five times that (or whatever odds you set) if you are wrong. Be careful.

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[quote user="crab"]Yes, but it''s MY easy money, so hands off [D:] Hopefully market will go same way as the Burnley job. Made a packet taking peoples money long after Lambert had ruled himself out![/quote]

Plenty to go round. [;)]

About 7/2 at the minute, might come in bit shorter like he did for the Burnley job...

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[quote user="Penfold"]Laying bets is for the bold and the brave, it''s much more costly should you be wrong.

When you lay a bet you are the bookie - you offer the odds. You take somebody else''s money initially and pay out five times that (or whatever odds you set) if you are wrong. Be careful.


[/quote]

Not necessarily, depends entirely on the odds.

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Also, like crab says, if you layed Lambert when he was odds on for the Burnley job your liabilities wouldnt be big at all...

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